Canada - M&A Statistics

M&A Information about Canada. In this section, we provide you some information about M&A with regards to national transactions within Canada and cross-border M&A from and to Canada. The IMAA Insitute offers full individual and corporate members additional prepared research covering a broad range of topics.

M&A Canada – Mergers & Acquisitions Canada

In this section of the M&A statistics, we collect and regularly update information on national deals as well as cross-border transactions from (outbound) and into (inbound) Canada. As a free user or paying member of our Institute, you have full access and can also download this M&A data (please see our Membership section to sign in or to register).

Announced M&A in Canada by Numbers & Value by Years

Since 1985, more than 63’413 mergers & acquisitions transactions have been announced with a known value of almost 3’689.7 bil. USD. In 2017, a new record has been broken in terms of transaction numbers with 3,512 transactions. 2007 was the all time high in terms of value with 366.2 bil. USD.

Announced Monthly M&A in Canada

In December 2017, 271 transactions with a value of 13.07 bil. USD have been announced. Compared with December last year, this represents an increase of almost +20% in terms of numbers. The month with the highest number of deals was May 2007 with 398 deals and the month with the highest value was June 2007 with a value of 73.26 bil. EUR.

The month with the highest frequency of deals is June with 5’156 deals which represents 9% of all M&A. February is the month with the lowest frequency with 4354 transactions which are 7.6% of the deals.

The month with the highest value of deals is June with 397.1 bil. USD of deals which represents 12.1% of all M&A transactions. And April is the month with the lowest value with transactions worth 200.7 bil. USD which are 6.1% of all deals.

Announced Quarterly M&A in Canada

Announced M&A in Canada by Industries (2000-2018)

The industry with the largest number of transactions has been Materials– representing 31% with a total number of over 13’700 transactions. The second most active acquirers are companies from Energy and Power with 6543 deals accounting for 14.7% of transactions. High Technology companies are the third most frequent industry in terms of consolidation with 12.1% of all deals.

The industry with the largest M&A activity in terms of transaction value has been the energy and power sector – representing 26.3% of all deals with a total value of 740 bil. USD. Second most important industry by value is the materials sector with 680 bil. USD worth of transactions. The financial industry reached the third rank with 238 bil. USD of deals.

Biggest Deals Canada

Rank

Date

Acquiror

Nation

Target

Nation

Value (in bil. USD)

Value (in bil. EUR)

Value (in bil.GBP)

Status

1

01.26.2000

Spin-off

Canada

Nortel Networks Corp

Canada

59.97

65.51

38.63

Completed

2

06.20.2000

Vivendi SA

France

Seagram Co Ltd

Canada

40.43

42.23

26.75

Completed

3

07.12.2007

Rio Tinto Canada Holdings Inc

Canada

Alcan Inc

Canada

37.63

27.37

18.56

Completed

4

09.06.2016

Enbridge Inc

Canada

Spectra Energy Corp

United States

28.29

25.13

21.07

Completed

5

12.03.2014

Enbridge Income Fund

Canada

Enbridge Inc-Liquids

Canada

24.79

21.82

15.61

Completed

6

05.11.2008

Spin-off

Canada

Cenovus Energy Inc

Canada

20.26

13.79

12.39

Completed

7

07.23.2012

CNOOC Canada Holding Ltd

Canada

Nexen Inc

Canada

19.12

15.78

12.34

Completed

8

05.15.2006

Xstrata PLC

Switzerland

Falconbridge Ltd

Canada

17.40

13.53

9.21

Completed

9

08.11.2006

Cia Vale do Rio Doce SA

Brazil

Inco Ltd

Canada

17.15

13.48

9.07

Completed

10

03.23.2009

Suncor Energy Inc

Canada

Petro-Canada

Canada

15.58

11.47

10.78

Completed

11

07.29.2008

Teck Cominco Ltd

Canada

Fording Canadian Coal Trust

Canada

13.60

8.64

6.82

Completed

12

08.24.2014

Burger King Worldwide Inc

United States

Tim Hortons Inc

Canada

13.40

10.17

8.10

Completed

13

03.29.2017

Cenovus Energy Inc

Canada

FCCL Partnership

Canada

13.24

12.24

10.63

Pending

13

08.30.2016

Potash Corp of Saskatchewan

Canada

Agrium Inc

Canada

13.09

11.65

9.87

Pending

14

03.17.2016

TransCanada Corp

Canada

Columbia Pipeline Group Inc

United States

13.00

11.63

9.10

Completed

15

06.09.2015

CPPIB Credit Investments Inc

Canada

GE Antares Capital

United States

12.00

11.00

7.82

Completed

16

07.15.2013

Loblaw Cos Ltd

Canada

Shoppers Drug Mart Corp

Canada

11.87

9.09

7.86

Completed

17

09.28.2003

Manulife Financial Corp

Canada

John Hancock Finl Svcs Inc

United States

11.06

9.67

6.70

Completed

18

09.04.2015

Emera Inc

Canada

TECO Energy Inc

United States

10.38

9.54

6.65

Completed

19

10.31.2005

Barrick Gold Corp

Canada

Placer Dome Inc

Canada

10.21

8.62

5.85

Completed

20

06.15.1998

Northern Telecom Ltd

Canada

Bay Networks Inc

United States

9.27

8.50

5.67

Completed

21

09.10.2015

Bank of Montreal,Ontario,CA

Canada

Gen Elec Capital Corp-Transp

United States

8.90

7.89

5.76

Completed

22

08.31.2006

Goldcorp Inc

Canada

Glamis Gold Ltd

United States

8.67

6.77

4.55

Completed

23

10.02.2007

Toronto-Dominion Bank

Canada

Commerce Bancorp,New Jersey

United States

8.64

6.10

4.23

Completed

24

03.09.2017

Canadian Natural Resources Ltd

Canada

Athabasca Oil Sands

Canada

8.31

7.88

6.83

Pending

24

12.15.2014

Repsol SA

Spain

Talisman Energy Inc

Canada

8.29

6.62

5.26

Completed

Announced M&A from Canada to Abroad (Outbound)

In 2018, Canadian companies have announced almost 807 acquisitions worth 102.53 bil. USD. Compared with the year before the numbers have increased by 4.3% and their value has decreased by -21.5%.

Canada Acquisitions Abroad by Target Nation (2000-2018)

Below you will find a map of the number and value of transactions by Canadian companies abroad. Canadian companies acquire most companies in the United States, Mexico, the United Kingdom, Australia and Peru.

Map of acquisitions abroad by Numbers

Canada M&A Abroad by Value (in bil. USD)

M&A by Foreign Acquirers into Canada (Inbound)

In 2017, 1,715 deals by foreign companies into Canada have been announced. Compared with the year before the numbers have increased by 130.2% and their value has increased by 33.5%.

Acquisitions by Foreign Companies into Canada by Acquirer Nation (2000-2018)

Below you will find maps of the numbers and value of transactions from foreign companies in Canada. Most frequent acquirers into Canada come from th United States, the United Kingdom, Australia, France and China and Hong Kong.